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Pakistan Published 12 Nov, 2024 10:06am

IMF raises concerns over Pakistan’s strategy for declining electricity demand due to solarisation

IMF sought clarity on how Pakistan plans to manage the issues related to solar energy

Business & Economy Updated 12 Nov, 2024 12:17am

IMF proposes general sales tax on petroleum products in Pakistan: report

Pakistan negotiates tax reforms with IMF delegation in Islamabad

Business & Economy Published 06 Nov, 2024 11:06am

IMF to dispatch mission to Pakistan next week for $7b bailout package evaluation

Nathan Porter will lead the delegation to review progress on 40 conditions

Business & Economy Published 25 Oct, 2024 03:48pm

Pakistan fails to meet IMF cash surplus target, shortfall reaches Rs182b

The provinces collectively reported a cash surplus of only Rs160 billion

Business & Economy Updated 25 Oct, 2024 12:21am

Pakistan formally seeks $1b from IMF to manage external shocks, says finance minister

Country is also in talks with Asian Infrastructure Investment Bank for a credit enhancement

Pakistan Published 24 Oct, 2024 09:31am

Pakistan to auction Pakistan International Airlines on October 30

Gul Asghar explained that PIA's operational assets have been separated for the auction

Business & Economy Published 21 Oct, 2024 03:49pm

Pakistan requests additional $2b from IMF to tackle climate change challenges

Pakistan requested an additional $1.5 billion loan from IMF on Sept 27 due to climate issues

▶️ Business & Economy Published 13 Oct, 2024 10:06pm

IMF agreement won’t have been possible ‘without very active support of China’: Aurangzeb

Finance minister says cooperation with China started way before CPEC

Business & Economy Updated 28 Sep, 2024 01:14am

SBP receives $1b IMF tranche amid new financing assurances

IMF Pakistan mission chief did not share details of additional financing amounts

Business & Economy Published 26 Sep, 2024 11:19am

IMF disburses first tranche of $1b in Pakistan’s bailout package

Kristalina Georgieva emphasizes positive reforms as inflation continued to decline in Pakistan

Business & Economy Published 26 Sep, 2024 09:14am

Pakistan borrows $714.74m in first two months of FY2024-25

China disbursed $96.76 million in July, but no funds were received in August

Pakistan Updated 25 Sep, 2024 11:59pm

IMF formally approves $7 billion bailout package for Pakistan

The program will be 37 months long in duration

Pakistan Published 20 Aug, 2024 09:41am

IMF’s $7b bailout faces uncertainty as executive board schedule excludes Pakistan

Finance minister had hinted at possibility of board meeting at August end

Business & Economy Updated 19 Aug, 2024 07:11pm

Pakistan’s case not on IMF agenda

International lender releases executive board meeting calendar

Business & Economy Published 17 Aug, 2024 10:47am

Power Division willing to share IPP agreements with NA standing committee on power

The electricity prices were increased due to the pressure of IMF: Secretary Power

Business & Economy Updated 29 Jul, 2024 05:37pm

Fitch upgrades Pakistan’s credit rating to CCC+ after IMF deal

Says upgrade reflects greater certainty over the continued availability of external funding

Business & Economy Published 28 Jul, 2024 05:47pm

Pakistan initiated talks on reprofiling Chinese power sector debt in Pakistan

Islamabad is looking to appoint local adviser in China for purpose

Business & Economy Published 19 Jul, 2024 06:54pm

Pakistan is looking for external financing avenues, says finance minister

Aurangzeb says meeting the external financing gap was ‘very manageable and very doable’

Business & Economy Updated 15 Jul, 2024 05:15pm

Pakistan shares hit fresh record after new IMF deal

The deal caps negotiations that started in May

Pakistan Updated 13 Jul, 2024 06:24pm

Will quit, but won’t come under pressure: PM Shehbaz

Orders FBR to tax those who have not been paying any taxes

Business & Economy Updated 13 Jul, 2024 05:32pm

IMF reaches $7 billion staff-level loan agreement with Pakistan

The agreement is subject to approval by the Executive Board of the Fund

Business & Economy Updated 11 Jul, 2024 11:39am

IMF suggests Pakistan to impose 45% tax on agriculture income: report

Agriculture sector contributes meagre 0.1% to total tax collection

Pakistan Published 28 Jun, 2024 03:23pm

At UN, Pakistan debunks India’s claim of Kashmir being its ‘integral’ part

The government presented the tax-loaded budget two weeks ago

▶️ Business & Economy Updated 11 Jun, 2024 10:22pm

There are no sacred cows, says Aurangzeb as Pakistan registers 2.38% GDP growth

Presents Pakistan Economic Survey ahead of annual budget on Wednesday (tomorrow)

Business & Economy Published 02 Jun, 2024 08:06pm

Pakistan, IMF at odds over exchange rate assumptions: report

Government pins hopes on World Bank, ADB disbursements to support rupee

Pakistan Updated 27 May, 2024 04:35pm

In meeting with Aurangzeb, US envoy highlights support for economic reform agenda

United States is committed to working with Pakistan, says Donald Blome

Pakistan Updated 24 May, 2024 09:17am

IMF, Pakistan make significant progress on new loan, says mission

Mission, authorities will continue policy discussions virtually over coming days aiming to finalise discussions, says Porter

Pakistan Updated 23 May, 2024 09:41am

Pakistan races to meet IMF’s prior actions deadline by June 30 for next bailout

Mission set to fly out on Friday without announcing staff level agreement

Business & Economy Updated 13 May, 2024 12:11pm

Pakistan ‘assures’ IMF of not taking loan from SBP in next fiscal year

Government says it will meet foreign debt obligations on time

Business & Economy Published 12 May, 2024 09:45am

IMF wants Pakistan to focus on ‘energy sector’ in next budget

Rates of electricity and gas should be determined according to the cost, say sources